Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-19-Speech-2-568"

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"I have no doubt that tomorrow, we will pass this revised directive and thus open the way to a new business culture where early payments are common practice and late payments incur harsh penalties. In particular, smaller entrepreneurs will appreciate the fact that state authorities and institutions linked to the state budget will also no longer owe money for many months for goods and services, and will perhaps pay within 30 days. I am pleased that the Council has agreed with the new fee of EUR 40 for recovering payments, and also supports an increased interest rate on arrears of 1% compared with now. I just think that it is not feasible when recovering minimal amounts which are due more to errors and which do not have a visible effect on the ability of companies to pay. Fortunately, this does not relate to late payments by consumers. I am pleased that my Committee and the Council have agreed with the fact that it is not possible to introduce a dual system of penalties for the private and public sectors, as the Commission proposed. I noted the paradox that, for example, hospitals would have to pay their private creditors higher penalties than they themselves could require of their debtors. This change creates a high quality instrument, and I congratulate Mrs Weiler."@en1
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